Ncondezi Energy Share Discussion Threads

[cl0ckw0rk0range] 21/3/2019 11:43

Funny how quickly these derampers disappear into the ether - probably had a short SB on and trying to max the downside. Anyway. JDA incoming. I added a few hundred thousand today. Confident.

[kingkongtimmo] 21/3/2019 11:34

You still there mate?

[fillipe] 21/3/2019 11:20

Recovering nicely from yesterday's overreaction.

f

[cl0ckw0rk0range] 21/3/2019 08:42

Added another lump to my holding today, won't be long now before true value realised.

[goodbloke1] 20/3/2019 20:42

That's good to hear Clockwork

[cl0ckw0rk0range] 20/3/2019 19:42

They tariff had been previously agreed in principle and the cost savings with the reversion back to the original coal plant interface rather than the type SEP wanted to use means that they can improve further on this again. They wouldn't be this far down the path unless they had some agreement in principle that the tariff would be acceptable.

[goodbloke1] 20/3/2019 18:02

What's to stop them trying to negotiate tariff lower which the partners find uncompetitive? Is the tariff acceptable to the government?

[yogaboy] 20/3/2019 17:54

I think we all saw this coming from the February RNS saying they did not expect material slippage. Still disappointing, though.

I agree that self imposed deadlines announced in official documents should not be missed. It is just bad for your reputation. NCCL have made it an art form. Pick your own date and then bloody well stick to it.

Africa is a continent, not an excuse.

[cl0ckw0rk0range] 20/3/2019 16:44

That's just ridiculous.

[glasswala] 20/3/2019 15:59

Why give dates if they cannot be kept to? The company should know better than to promise things in Africa where dates are meaning less.It may be better for them to say end of year at least that way it if it happens during 2019 no one can point to them as long as it happens in 2019.

[cl0ckw0rk0range] 20/3/2019 15:51

They said they were targeting end of March for an update on the JDA, they have provided an update on the JDA to say its expected by end of April - who's lying exactly or are you just conveniently mispresenting what was stated previously?

[cl0ckw0rk0range] 20/3/2019 15:29

"The JDA represents a material de-risking event for the Project and is now in the closing stages. The Project is at an advanced stage and the Company believes that it can offer a competitive and attractive power tariff to Mozambique. The Project will provide secure 24-hour power supply that will complement Mozambique's existing hydroelectric and solar power supply in the north of the country."

[cl0ckw0rk0range] 20/3/2019 15:15

It's not a delay at the last hour, they were targeting end of March, they are letting the market know in good time that they expect it to be finalised before the end of April - I would prefer this than being told on the 31st of March. It's a matter of weeks. Not that you are invested of course.

[glasswala] 20/3/2019 14:51

Surprised they did use Hurricane Idai as an excuse. They do k ow how to string this along

[glasswala] 20/3/2019 14:48

All gains made in the last few sessions wiped off with Hanno lies

[glasswala] 20/3/2019 14:47

Looks like someone has been tell porkies.... Hanno is such a damn liar

[glasswala] 20/3/2019 14:45

Typical African focused companies. It is always jam tomorrow. One delay after another. Wasn't the JDA was just about to be signed so Why the delay at the last hour.

[cl0ckw0rk0range] 20/3/2019 14:43

Nearly there...Progress on the JDA follows the achievement of a number of Project milestones, including:·   Financial model update completed with engineering, procurement, and construction ("EPC") and operations and maintenance ("O&M") contract proposals from potential strategic partners;·      submission of updated power tariff proposal to Electricity de Mozambique ("EDM");·      receipt of Letter of Support for the Project from Mozambican Ministry of Mineral Resources and Energy ("MIREME");·      sign off on the Project work program and timetable from the Liaison Committee, setup and chaired by MIREME; and·      confirmation from the Company's strategic partners to proceed with final negotiations to conclude the JDA.

[cl0ckw0rk0range] 20/3/2019 14:40

Let's see.

[purple11] 20/3/2019 14:35

end of WOT

JUNE AUGUST?

NOVEMBER

ALWAYS JAM AND BACON TOMMOROW

[cl0ckw0rk0range] 20/3/2019 14:29

By the end of, which means they have a target of before the end of. Read the RNS.

[purple11] 20/3/2019 14:28

AIM

ALWAYS JAM AND BACON TOMMOROW

[purple11] 20/3/2019 14:24

XRUNXFORXTHEXHILLS